We study the effects of disruption risk in a supply chain where one retailer deals with competing risky suppliers who may default during their production lead-times. The suppliers, who compete for business with the retailer by establishing wholesale prices, are leaders in a Stackelberg game with the retailer. The retailer, facing uncertain future demand, chooses order quantities while weighing ...

We consider a contract manufacturer who procures multiple components from independent suppliers to produce an assemble-to-order customized product for a client. The unit price of the product depends on the manufacturer’s delivery lead time. We explore how the manufacturer can use a “Vendor Managed Consignment Inventory (VMCI)” scheme to manage the underlying risk and coordinate independent supp...

  The importance of reliable supply is increasing with supply chain network extension and just-in-time (JIT) production. Just in time implications motivate manufacturers towards single sourcing, which often involves problems with unreliable suppliers. If a single and reliable vendor is not available, manufacturer can split the order among the vendors in order to simultaneously decrease the supp...

Today competitive environment has enforced practitioners and researchers to pay great attention to issues enhancing both production and marketing competitiveness. To do so, it has been obligatory for the firms to consider production side activities while customer requirements are on the other side of competition. In this regard, hybrid make-to-stock (MTS)/make-to-order (MTO) production systems ...

pioglitazone (pg) is one of thiazolidinediones used for the treatment of type ii diabetes mellitus. some reports of its hepatotoxicity exist, but the mechanism of its hepatotoxicity is not well known. in the present study, the protective effect of some atp suppliers are investigated against mitochondrial toxicity of pg in isolated rat mitochondria. mitochondrial viability was investigated by mt...

This paper presents valuation of inventory-reorder options in a competitive environment with defaultable suppliers. Analysis of a single period model of a supply chain with two suppliers, a retailer, and exogenous sources of defaults, leads to a number of surprising observation on the effects of the supplier credit risk and competition on the value of the deferment option, retailer’s procuremen...

A supply chain is composed of a complex sequence of processing stages, ranging from raw materials supplies, parts manufacturing, components and end-products assembling, to the delivery of end products. In the context of supply chain management, supplier selection decision is considered one of the key issues faced by operations and purchasing managers to remain competitive. Therefore, requiremen...

A supply chain is composed of a complex sequence of processing stages, ranging from raw materials supplies, parts manufacturing, components and end-products assembling, to the delivery of end products. In the context of supply chain management, supplier selection decision is considered one of the key issues faced by operations and purchasing managers to remain competitive. Therefore, requiremen...

In-house production or outsourcing are important strategic decisions for planning production and capacity in business organizations. Outsourcing to overseas suppliers is often associated with risk with respect to the quality of the products. Hence, we developed a multi-stage stochastic programming model that takes into account the uncertainty involved in the production of the quality of outsour...

The literature on procurement auctions typically assumes that the suppliers are uncapacitated (see, e.g. Dasgupta and Spulber, 1990; Che, 1993). Consequently, these auction mechanisms award the contract to a single supplier. We study mechanism design in a model where suppliers have limited production capacity, and both the marginal costs and the production capacities are private information. We...